MIRA INFORM REPORT

 

 

Report Date :

04.12.2012

 

IDENTIFICATION DETAILS

 

Name :

KOEMANS VERPAKKINGEN B.V

 

 

Registered Office :

New Gouwe O.Z. 1, 2801SB Gouda

 

 

Country :

Netherlands

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

30.09.1985

 

 

Com. Reg. No.:

29028915

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesaler of packaging materials

 

 

No. of Employees :

07 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

€ 200.000

 

 

Status :

Satisfactory  

 

 

Payment Behaviour :

No Complaints 

 

 

Litigation :

Clear 

 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Netherlands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Netherlands - ECONOMIC OVERVIEW

 

The Dutch economy is the fifth-largest economy in the euro-zone and is noted for its stable industrial relations, moderate unemployment and inflation, a sizable trade surplus, and an important role as a European transportation hub. Industrial activity is predominantly in food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002. After 26 years of uninterrupted economic growth, the Dutch economy - highly dependent on an international financial sector and international trade - contracted by 3.5% in 2009 as a result of the global financial crisis. The Dutch financial sector suffered, due in part to the high exposure of some Dutch banks to U.S. mortgage-backed securities. In 2008, the government nationalized two banks and injected billions of dollars of capital into other financial institutions, to prevent further deterioration of a crucial sector. The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE began implementing fiscal consolidation measures in early 2011, mainly reductions in expenditures, which resulted in an improved budget deficit of 3.8% of GDP.

 

Source : CIA

 

 

 

CONTACT INFORMATION

 

Company name

Koemans Verpakkingen B.V.

 

 

Tradename

Koemans Verpakkingen B.V.

 

 

Address

New Gouwe O.Z. 1

 

2801SB Gouda

 

Netherlands

 

 

Mail address

Postbus 67

 

2800AB Gouda

 

Netherlands

Telephone number

0182-512311

Telefax number

0182-528951

E-mail address

    info@koemansverpakkingen.nl 

Website

www.koemansverpakkingen.nl 

 

 

CREDIT LIMIT

 

Credit limit                     A credit of € 200.000 may be granted Normal

 

 

COMPANY INFORMATION  

 

Handelsregisternummer

29028915

Registered in

Chamber of commerce Rotterdam

Act of foundation

30-09-1985

Date of constitution

30-09-1985

Legal form

Besloten Vennootschap (Limited Company )

Place of constitution

Gouda

Capital

EUR 79.411,54

Issued capital

EUR 15.882,31

Paid up capital

EUR 15.882,31

 

NACE-code

Wholesale of packaging materials (51913)

SBI-code

Wholesale of packaging materials (46696)

Formal objective

De handel in verpakkingsmaterialen.

Import

Bangladesh, Belgium, India, Italy, United Kingdom

Export

Belgium, Germany, France, United Kingdom

 

Employees                                Total: 7

 

Bookyear                                             2011                 2010

Number                                                 7                      01

Change                                                 600,00%           --

COMPANY STRUCTURE

 

Shareholder                               J. Koemans Czn. Beheer B.V.

New Gouwe O.Z. 1

2801SB GOUDA

Netherlands

KvK: 29005536

Active since: 30-09-1985

Percentage: 100.00%

 

Ultimate shareholder

/ manager                                  F.J. Koemans Holding B.V. New Gouwe O.Z. 1

2801SB GOUDA

Netherlands

KvK: 29039356

J.J. Koemans Holding B.V. New Gouwe O.Z. 1

2801SB GOUDA

Netherlands

KvK: 29039355

 

Ultimate parent company            F.J. Koemans Holding B.V.

New Gouwe O.Z. 1

2801SB GOUDA KvK: 29039356

 

Holding company                       J. Koemans Czn. Beheer B.V.

New Gouwe O.Z. 1

2801SB GOUDA KvK: 29005536

 

Affiliated companies                   Real estate Jan Koemans Czn. B.V.

New Gouwe O.Z. 1

2801SB GOUDA KvK: 29024843

 

Liability declaration                    J. Koemans Czn. Beheer B.V. (29005536)

New Gouwe O.Z. 1

2801SB GOUDA Issue date: 01-01-1984

 

Bank                                         ABN Amro Bank NV

Account number: 45.41.92.460

 

MANAGEMENT   

 

Management

J. Koemans Holding B.V.

 

New Gouwe O.Z. 1

 

2801SB GOUDA

 

Netherlands

 

KvK: 29039353

 

Authorization: Fully authorized

 

Position: Manager

 

Date appointed: 11-03-1993

PAYMENT INFORMATION

 

Payment experiences     Payments are regular

Payments                     Based on multiple payment experiences up to € 25.000

 

Quarter: 1 2012: 33 Average days

Quarter: 2 2012: 42 Average days

Quarter: 3 2012: 58 Average days

Quarter: 4 2012: 64 Average days

 

 

invoices

current quarter

2012 Q3

2012 Q2

2012 Q1

Total

73

100%

51.497

53.774

54.848

57.638

Within terms

42

37,4%

19.236

32.060

41.969

54.793

Delayed 0 - 30

23

58,9%

30.345

19.440

12.328

2.845

Delayed 31 - 60

2

1,1%

551

 

551

 

Delayed 61 - 90

2

0,9%

455

455

 

 

Delayed 91 - 120

2

0,7%

364

728

 

 

Delayed 120+ days

2

1,1%

546

1.091

 

 

 

 

FINANCIAL INFORMATION

 

Publication financial statement                Annual accounts 2011 are published on 23-10-2012

Annual accounts 2010 are published on 25-01-2012

Annual accounts 2009 are published on 10-02-2011

Annual accounts 2008 are published on 30-09-2009

Annual accounts 2007 are published on 26-09-2008

 

Type of publication                                 Corporate

 

Publication                                            Steady

 

 

CORE FIGURES

BOOKYEAR

2011

2010

2009

Quick ratio

1,65

1,25

1,65

Current ratio

2,11

1,67

1,85

Nett workingcapital / Balance total

0,52

0,40

0,46

Capital and reserves / Balance total

0,53

0,40

0,46

Capital and reserves / Fixed assets

88,58

704,22

738,45

Solvency

1,12

0,67

0,85

Nett workingcapital

2.042.679

1.580.846

2.408.514

Capital and reserves

2.063.364

1.583.094

2.411.780

Change capital and reserves

30,34%

-34,36%

-2,00%

change short term liabilities

-22,21%

-17,17%

77,24%

 

Annual accounts                        The company is obligated to publish its annual accounts 2011

Last annual accounts                 2011

 

Type of publication                     corporate

Result after taxes                       2009: -143.173

 

Tendency                                  Changeable

 

Tendency capital and reserves

 

 

Capital and reserves       2011 2.063.364

Total debt                      2011 1.839.143

Current ratio                  2011 2,11

Quick ratio                    2011 1,65

Nett workingcapital         2011 2.042.679

Profitability                    Positive

Solvency                       Sufficient

Liquidity                        Sufficient

 

Current- & Quickratio

 

 

Currency Euro


Balance sheet

 

 

BOOKYEAR

2011

2010

2009

End of bookyear

31-12-2011

31-12-2010

31-12-2009

Tangible assets

23.294

2.248

3.266

Fixed assets

23.294

2.248

3.266

 

Stocks and work in progress

857.095

1.001.606

568.774

Accounts receivable

2.769.615

2.570.934

1.857.465

Liquid assets

252.503

369.126

2.832.339

Current assets

3.879.213

3.941.666

5.258.578

Total assets

3.902.507

3.943.914

5.261.844

 

Capital and reserves

2.063.364

1.583.094

2.411.780

Provisions

2.609

 

 

Total short term debt

1.836.534

2.360.820

2.850.064

Total debt

1.839.143

2.360.820

2.850.064

Total Liabilities

3.902.507

3.943.914

5.261.844

 

 

History

 

Liability statements                    Per 12-06-2006 filed a withdrawal of declaration of liability by J. Koemans Czn.

Beheer B.V..

 

 

Company structure

 

F.J. Koemans Holding B.V. (29039356)

GOUDA

 

J. Koemans Holding B.V. (29039353)

GOUDA

Management relation (100%)

 

J. Koemans Czn. Beheer B.V. (29005536)

GOUDA

Subsidiary

 

Real estate Jan Koemans Czn. B.V. (29024843)

GOUDA

Subsidiary (100%)

 

Koemans Verpakkingen B.V. (29028915)

Gouda

Subsidiary (100%)

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.56

UK Pound

1

Rs.87.46

Euro

1

Rs.71.08

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.